AbstractorPro (Real Title Services)
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[-] Notary responsibilities in New York - Rita Killary/NY (14 replies)
2/13/2022 9:00:02 AM (1159 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/1/2022 10:01:35 PM (1577 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:12:12 PM (1541 views)
Re: Notary responsibilities in New York - Randi Erickson/MN
3/2/2022 11:39:19 AM (1530 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/2/2022 5:16:56 PM (1603 views)
Re: Notary responsibilities in New York - george Hubka/MI
3/2/2022 6:26:09 PM (1546 views)
Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 11:07:38 AM (1528 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 11:49:47 AM (1501 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:03:29 PM (1438 views)
It is serious enough that she could lose her notary commission.   

She has to be LICENSED or an attorney to mark up a binder.

And her EO would refuse to cover any loss or damages, since she is acting illegally.  And she's an independent contractor, not an employee of the agency/attorney/bank.  So she is NOT covered under their E & O - so she better have BIG cash reserves should she ever get sued.  

And yes, notaries get sued.  I got sued once because I was the notary closer for a title agency, refi, 3 day right of recission, etc etc.  Everything executed PERFECTLY.

THREE YEARS LATER, the borrower decided they didn't want the loan.  Of course, it was thrown out, but my own E&O had to defend me, even though I was just the notary and had nothing to do with the loan.   Their attorney simply threw in the kitchen sink as to anyone whose hands had touched the deal.

So she needs to immediately stop.  Our company does mobile closings in 44 states using notaries only.  I would NEVER ask one of my notaries to mark up a binder.  Their one and only job is to ID and sign. PERIOD

Good luck - and a side note, in NY, this would be considered a Witness Only closing where the title AGENT is only there to pick up $ and mark up a binder for their agency while a 3rd party (bank attorney usually) conducts the actual closing.    Most agents get paid for their time and also tipped for the Pick up and Mark up - like another $150-250 per pick up.

So, if she isn't earning that kind of money, her clients know they have an inexperienced sucker on their line.  Now that she knows the laws, she's in violation of them knowningly.  Then you move on to the LEGALITY of what she is doing.


Tell her to STOP or get title licensed and then she's no longer at risk, covered by no-one.to post a reply: login - or - register


Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 12:14:10 PM (1457 views)
Re: Marking up Binders at Closing - Victoria Moate/NJ
3/7/2022 12:22:26 PM (1487 views)
Re: Marking up Binders at Closing - Rita Killary/NY
3/7/2022 12:26:12 PM (1465 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:10 PM (1357 views)
Re: Notary responsibilities in New York - Jeanine Johnson/MN
3/14/2022 4:53:12 PM (1386 views)
Re: Notary responsibilities in New York - Rita Killary/NY
3/14/2022 5:29:43 PM (1381 views)

[+] Datashrubs, LLC - Ted Williamson/TX (5 replies)
2/10/2022 9:10:56 PM (1451 views)

[+] Nick Jones - Mayura Inc - William Duncan/SC (3 replies)
2/8/2022 11:57:01 AM (1162 views)

[+] Comment on "Upper Marlboro Woman Pleads Guilty to Wire Fraud in Connection with Mortgage Fraud Scheme" - Source of Title/OH (1 reply)
1/31/2022 9:38:08 AM (3007 views)

[+] DILLIGENCE CHECK: - William Duncan/SC (7 replies)
1/28/2022 12:02:53 PM (1761 views)


Real Title Services


[+] Disregard - Jay Duncan/MO (2 replies)
1/28/2022 9:33:57 AM (1194 views)

[+] Abstractor Thoughts? - Laurence Perretti/FL (7 replies)
1/25/2022 12:33:10 PM (1713 views)

[+] COVID 19 WARNING - William Duncan/SC (6 replies)
1/24/2022 6:52:05 PM (1327 views)

[+] Amanda@ias.us - Donna McKamy/MT (3 replies)
1/24/2022 1:19:59 PM (2533 views)

[+] Elite Vendor Services - William Duncan/SC (4 replies)
1/20/2022 4:26:51 PM (1501 views)

[+] Has anyone had any good experiences with Qualia? - William Duncan/SC (11 replies)
1/19/2022 1:10:29 PM (1866 views)

[+] Punctual Abstract - Kara Foster-Morales/OH (6 replies)
1/19/2022 9:57:54 AM (1811 views)

[+] Encompass Title Center - SUZANNE WALLACE/CA (14 replies)
1/13/2022 12:30:23 PM (1380 views)

[+] Sourcepoint - Marilyn Knobel/NY (2 replies)
1/13/2022 10:01:33 AM (1214 views)

[+] WTF! - John OConnor/IL (4 replies)
1/11/2022 2:18:57 PM (1956 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8870 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Remodeling Market Sentiment Remains in Positive Territory in First Quarter
“Demand for remodeling remains solid, especially among customers who don’t need to finance their projects at...
Federal Jury Convicts Putnam County Man for FHA Fraud Scheme
After two days of trial, a federal jury convicted Jason Trador, 46, of Scott Depot, on April 10, 2024, of making a false...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates moved higher last week as several Federal Reserve officials reiterated a patient posture on rate c...
MBA Statement on the Veterans Affairs Servicing Purchase Program
“MBA welcomes the release of the VASP program as a new home retention option that will allow mortgage servicers to...
Stewart Grows Commercial and Affordable Housing Presence with Acquisition of All New York Title Agency, Inc.
Stewart Information Services Corporation today announced the acquisition of the All New York Title Agency, Inc., based i...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.